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20121201
20121231
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CNBC
Dec 16, 2012 7:30pm EST
do they mean and what happens next? joining me now is bob nardelli, former ceo of home depot, former chairman of chrysler, and president of the private equity firm x lr-8. >> thank you. >> as a businessman, what is your take on the fiscal cliff issue? how do you think these negotiations end? >> well, i mean there, is so much speculation out there and such a broad range of opinions. i guess if i had to predict, i would say we probably will not reach agreement and there is a high probability we will go over the cliff, and the impact of that, the repercussions i think are catastrophic. >> that is the thing. we hear this from everybody if we go over the fiscal cliff it will trigger layoffs and trigger the possibility that the economy goes back into recession. in 2013, but the rhetoric again is ratcheting up between house speaker john boehner, senate majority leader harry reid, even though boehner met with the president again this past week, they are stuck on the sacred cows. how do you think it impacts business? from your standpoint what are you hearing from some of your clients and busi
CNBC
Dec 7, 2012 1:00pm EST
this, bob pisani and john carney of cnbc. gentlemen, welcome. bob, i get how this is not helpful to workers. you lose the benefits of any dollar cost averaging. you may be ending up getting a lump sum at the end of the year. and if you leave the company before the end of the year, you don't get anything. but what's the real ben fet efi ibm? >> they save on administrative and accounting and they may have even constudies that indicate they'll actually save by make being the lump sum payment because you don't have to put it in certain times of the year and there may be overall cost savings for them. i don't think this is good news for employees at all. it's not just the loss of dollar cost averaging. i think that people may end up putting in less to their account and that's the overall issue. >> i guess savings might accrue from a fact if a worker leaves in july, ibm will have put nothing in for their worker or september or october or whenever. you got to be there into late december to get something so there are some savings there, but beyond that i don't get it. >> i bet what they'
CNBC
Dec 26, 2012 1:00pm EST
, therefore, that will lead us in terms of price action over the next five days. bob pisani? >> if you look at the interday, we were positive on the day earlier on. we dropped in the middle of the day and some people are attributing this to concerns that the house leadership did not issue the 48 hour call for the whole house to come back into session and vote on a proposed plan even though there isn't one out there, some are interpreting this to mean there will be no deal certainly going into the weekend. of course, the time period on which we can do something now gets smaller and smaller. let me show you a couple sectors here. we talked about this mastercard report on sales only up 0.7%. luxury retailers getting hit hard. can i just point out that none of these luxury retailers have done very well this year. tiffany, coach, ralph lauren are negative on the year and have been even before today's report. michael kors is the standout in luxury. remember they went public about a year ago. that's had a great run, up about 60% this year. but that's the standout in retail. can i also point out th
CNBC
Dec 20, 2012 3:00pm EST
. joining us now are david faber, bob pisani and steven guilfoyle and rick santelli at the cme. first, david, who broke the story this morning, i guess this deal had to happen based on where the competitive landscape sits, and it's likely not going to be the last deal that we've been talking about. >> we've been thinking about and hearing about and talking about deals for quite some time but much of that did not happen as a result of regulators. the nyc has been looking for quite some time to figure out the future. its ceo having engaged with and having a deal with deutsche boerse sometime back, two years ago, in heated discussions and announced it in 2011. a year later it was dead? why, because of the derivatives business in europe that european regulators did not want to see get together for both of those companies. couldn't get around t.nasdaq as well, along with i.c.e. at the time, had made a hostile bid, you may recall, from the new york stock exchange, but that was stopped as well because it wasn't going to happen as a result of antitrust here in the u.s., a americaning of the two equi
CNBC
Dec 20, 2012 4:00pm EST
as lawmakers are continuing to work on a deal to avoid the fiscal cliff. bob pisani here with the winners and losers on wall street today. over to you, bob. >> take a look at dow, folks, and we did advance despite of an impasse on the fiscal life. ended not far from the highs of the day. in fact, we've been moving up for a while. take a look at the last month. despite the concerns here that we may not get a deal, the market is still saying the outlines of a deal is see very much in effect. gdp revision, existing home sales, best since november 2009. a couple sectors stand out. banks were market leaders again. they have been on fire for weeks now. new highs today, bank of america and citigroup. transports are near a 52-week high. railroads strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new
CNBC
Dec 5, 2012 1:00pm EST
are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally that we've got because i think that is sort of what's moving the overall market. there is some vague talk in washington that there may be some republican members starting to break ranks with the leadership on the tax issue. there's talk now that some republicans might be willing to accept higher taxes for the wealthy. this would be a break-through. we're monitoring that. now to what sue was talking about on apple. there are some firms raising margin requirements. i think the main catalyst today was an at&t investor conference where executives of at&t gave sales figures for smartphones for the first two months of the quarter that basically implied sales will be flat for the quarter compared to the same period last year. this includes smartphones, samsung as well
CNBC
Dec 11, 2012 4:00pm EST
and bob pisani and barbara from the street. welcome to all of you. what about coming off the best levels? >> hitting search-week highs. 13,245 is where we ended the night of election and waiting for it to settle out. 13,248, so we are exactly where we were when the elections closed. i think the important thing is as long as there is some indication that they are talking the markets are holding up very well. i think the concern is after a deal happens, i think we'll have it, what will happen after, that and a lot of people are worried now that austerity is coming. that's a negative for stocks >> you make a great point, bob. david, let me put that to you because it doesn't feel like this market is expecting no deal. if we go into year end and don't have a deal, how big of a disappointment will we seek from the markets? >> i think we got a taste of that, how it ends up shaping up to how the market will react. before, that we got a taste today with hair reid and saw the markets sell off 25 points pretty quick. as we head closer to christmas or the end of the year, closer to the brink, that c
CNBC
Dec 3, 2012 9:00am EST
and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
CNBC
Dec 17, 2012 6:00am EST
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
CNBC
Dec 21, 2012 7:00pm EST
and will be joining us next up. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> all right. welcome back to the "kudlow report." i am larry kudlow. one week after the devastating school shooting in newtown, connecticut, left 26 people dead, the national rifle association is breaking its silence. the gun rights group is calling on congress to put armed guards at every school. it's a very interesting development. actually, we could bring in -- let's go right to nbc's danielle lee. she's going to join us with the nra details. good evening, danielle. >> reporter: larry, good evening. after a week long talk about gun control and protecting our children, the situation isn't fewer guns, but mor
CNBC
Dec 21, 2012 6:00pm EST
? cramer's got a stock that could make 2013 a year to celebrate. all coming up on "mad money." bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. who helped make slea difference last yearose for thousands of california foster kids. thank you for helping foster kids. thank you for the school supplies. thank you for the new shoes. thank you, secret santa. and thank you for donating money. your generosity proves that while not everyone can be a foster parent, anyone can help a foster child. - thank you. - thank you. gracias por su ayuda. thank you. >>> sometimes when a company stumbles, a strength of underlying themes take tibco. back on december 5th, tibco did drop the ball. company preannounced a downside. credit where credit is due, they didn't make excuses. they said their sales force didn't do a good enoug
CNBC
Dec 18, 2012 9:00am EST
telling us that this is not a balanced plan. they don't like it yet. and then earlier today, senator bob corker was on cnbc kind of pooh-poohing the whole thing. take a listen. >> we're not close to a deal. and i've been trying for three weeks, i've been standing on my head doing cartwheels to try to pivot toward entitlement reform. this is not a deal here. >> so carl, what's going on right now on capitol hill is that speaker boehner is meeting with his republican conference colleagues behind closed doors. we expect that at the top of the next hour, he's going to come out and talk before cameras. we'll get some reaction from his colleagues as well, what they think of this proposal and where they think this negotiation needs to go. but clearly, negotiations are ongoing, and the president and the speaker are coming closer together, whether or not that makes everybody happy or enough people happy to get a deal still remains to be seen, carl. >> eamon, this is a tough one to read. had the biggest movement been in that -- in the line in the sand with regards to how much people need to make to
CNBC
Dec 11, 2012 6:00pm EST
active lightening round. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> it is time for the lightening round. and they the lightening round is over. are you ready? i want to start with ed in pennsylvania. ed, hello mr. cramer. booyah from pittsburgh. >> oh man steeler nation what's up? >> csbo. crishri cisco is the best house in a tough neighborhood. so i'm saying don't buy even though i know it is cheap. >> let's go to jeff in new jersey. >> jim, mark west energy is nearly down 5% this week. should i add and worry about their chronic secondary offer? >> i like we and then it sprung up and this is no kmp. let's go to josh in massachusetts. i'm going to give you stop
CNBC
Dec 20, 2012 7:00pm EST
. we'll be right back with more live coverage on this breaking and developing story, next up. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> to chew on this we bring in our pam. heather and interesting our congressmen, at least one of them, wanted to know why the republican party is going through this plan b exercise. that was conservative house member jim jordan. why are they going through this? >> well, one alterly sympathizes with his point of view. he had great legislation. tried to bring it up again in a current form. the reason that they're going through it is that the republican party has essentially two pieces. it has
CNBC
Dec 21, 2012 3:00pm EST
a deal. it's all coming up. stay tuned. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> welcome back. intercontinental exchange and nyse are lower today at news of their $8 million merger. >> you get it, cold as ice? >> bob gets it. >> we never hesitate to play an old rock song from the '70s. i.c.e. is down 2.7%. i'll tell you why this is important. because you get a multiple of ice for your nyse shares, .17 shares of i.c.e., plus a tax component. as i.c.e. goes down, the money the nyse shareholders will get goes down. i.c.e. does not pay a dividend, but the nyse does. i.c.e. did commit to paying a dividend yesterday, $3 must know million is what they committed. that's v
CNBC
Dec 28, 2012 4:00pm EST
. and as you see there, bob corker will join "the squawk pox" gang on monday morning. grover, always good to see you, thank you. >> thank you very much. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up, montana's governor brian schweitzer is going to weigh in. >> looks like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hou
CNBC
Dec 28, 2012 7:00pm EST
to serve. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >> once again, our developing story tonight, no deal still on the fiscal cliff. president obama handing the matter over to the senate leaders and without any resolution, many people are scrambling to shore up their finances. hampton pearson has the fiscal cliff frenzy. hampton. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve
CNBC
Dec 12, 2012 1:00pm EST
right, sharon, thank you very much. i'm here with bob and michael once again. bob, we will start with you. up 75 point on the dow jones. we still have the fed news conference to go, though. >> yeah, here is what is important. there is a tug-of-war going on between the stock market and book market. stocks love stimulus. infinite for stimulus. stim lut infinity. if you look at major sectors. big global gloej areas. industrials, materials, all of your energy stocks. all are kind of moving to the upside today. here is the problem. the bond mark set scared to death of the inflation implications of what the fed is doing today. so if you look at bond yields you will see a big move up in bond yields. if you look at the dollar, the dollar weakened because of course, stimulus means of course cheaper dollar over all. there is a real tug-of-war going on between the stock and bond market. >> we were talking earlier that bond market sees there is a finish line. once we have numbers pegged, they say, rates aren't going to be low forever. if the bond market sees unemployment at 6% or 6.99%, you
CNBC
Dec 14, 2012 6:00pm EST
? head to madmoney.cnbc.com. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> lately i've been getting a ton of calls about the printing business. no, i'm not talking about old-fashioned printers like the kind you buy from a dinosaur like hewlett-packard. i mean three-dimensional printers. these are machines that can rapidly design and produce functional three-dimensional parts and products. designers use them to whip up prototypes right in their offices instead of having to send out blueprints to an actual manufacturer. increasingly we're seeing them in strange places. dentist's office to make molds and bridges. and now i'm getting a lot of questions. is 3-d printing for real? and if so, what's the best way to play it? because "mad money" is the most interactive show on television i'm going to answer that qu
CNBC
Dec 18, 2012 1:00pm EST
at this point. that's why we have a triple digit advance, up 114 points on the dow jones industrial average. bob pisani with some trading action. the market is aching for a deal. any time we get any sense they are making not even a deal, just they are talking. >> plan b by boehner is a very modest proposal as steve pointed out. the market doesn't care. it's almost as if boehner and obama are in the way and they have to get out of the way. the market deal, even if there isn't a deal, two-month highs on the s&p. look at that, highs of the day, even if you want to be pessimistic, there's not a lot necessarily here that's been going on today. s&p up 14% for the year, folks. we've got a number of new sectors, new highs, financials at new highs, s&p sectors, consumer discretionary group, retailers and home builders also at new highs. look at these home builders, up 4%. an average increase this year. banks and home builders are the two big winners this year. >> kenny, come on in. an independent trader down here at the nyse. mr. geithner in the mix. the administration uses him very effectively to talk t
CNBC
Dec 4, 2012 9:00am EST
that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households unrolling now. >> i thought it was amazing. saying the optimism has to do with demographics and not the fiscal cliff. kimberly clarke talkeded abo ee decline in birth rates. i don't shop for diapers. >> i did. not long ago. >> are you out of it? >> tail end. >> such a nice thing. >> amazing statement by them saying, listen, not a lot of people are having kids. >> what about adult diapers? >> there is some household formation in the u.k. we'll get at least one new baby in the u.k. right? >> she's a smart person. i wasn't going sexist there. i know better than that. i'm not going over the sex cliff. >> she's fashionable. >> yes, she is. >> even i know she's fashionable. >> whatever she wears maternity wear, it will be a boost. >> does she go to gsw? i said that was discount. it's designer. and you've got to go there. >> there's one on 79th street. >> gorgeous store. you can go to whole foods and you can buy shoes. may i suggest you do th
CNBC
Dec 11, 2012 9:00am EST
boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring both sides of the aisle to sit down together. congressman sander levin is a ranking member of the house ways and means committee. and a republican from new jersey, the vice chairman of the house budget committee and a member of the house financial services committee. gentlemen, thank you both for being here. >> thank you. >> we just sat down with senators conrad and corker. they seem to agree on a lot of areas. one of those areas is they think we need to negotiate up from this point, not down from this point and cut some sort of a deal that is 4 trillion or greater when you add up the tax increases. congressman levin, would you agree with
CNBC
Dec 31, 2012 6:00am EST
. then at 8:00 a.m. eastern, senator ron johnson and bob corker. president obama issued a warning on "meet the press." >> on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up. >> but after it was all said and done, leaders on the senate floor couldn't get anything done, at least not yet. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know, i'm willing to get this done, but i need a dance partner. >> this morning, we've been trying to come up with some counteroffice to my friend's proposal. we haven't been able to do that. i've had a number of conversations with the presid
CNBC
Dec 10, 2012 6:00pm EST
, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> moments like this when everybody is terrifieda our economy coiled slide back into a government induced recession next year, i got to start looking at high quality companies that are immunized against this slow economy. for instance biotech companies that can thrive even during a recession. because that's the typ
CNBC
Dec 13, 2012 11:00pm EST
advisors. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know.
CNBC
Dec 20, 2012 6:00pm EST
't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> for weeks everybody's talked about the looming fiscal cliff like it's all important, like nothing else matters. but you know what's really important, too? corporate earnings. and we've been getting some pretty swell corporate earnings for this week. take jbl. when other companies outsource their operations, they go to jabil. this is a company that has its fingers in a lot of different cookie jars. they reported last night and the numbers are fabulous. they had a 5 percent earnings increase. the stock rose 7.4%, made jabil one of the largest movers. that's why i'm glad to have here mr. main. it was the most bullish in this conference call that i've heard you in i'd say eigh
CNBC
Dec 28, 2012 6:00pm EST
to make you more money. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> you're in luck. have you caught cramer on a real good night. i'm not going home tonight to sip that cheap scotch on my dirty linoleum floor. i'm in a great mood, a manic mood ev
CNBC
Dec 17, 2012 2:00pm EST
but aig having a terrific day. mandy? >> indeed, it is, bob. >> if you are watching cnbc, we assume you are interested in the markets, so well do what we do. let's bring in gina sanchez, and steve white. a great note this morning, titled, what happens if and when the fiscal uncertainty lift. generally it is ladies first. but i want to start with steven for a reason. steven, do you believe we can take out the "if a deal get done ". do you believe it is now a matter of when a deal get done. >> it seemed like we would have a deal eventually even if we went into the first quarter of the year. we will have to raise the debt ceiling. the question was would what kind of terror the economy need to live through. what sort of drag was on the economy before there was a deal. the news report suggest that a deal was onity way. >> you know, gina, you've got your portfolio, position for a dark moment before the light. what assumptions are you making with regards to the fiscal cliff? >> we do generally assume a deal will get made but we think there will be squabbling. i would agree there seems to be a
CNBC
Dec 3, 2012 3:00pm EST
done by the crc. >> so, bob, you say critics like aaa want to kill e-15 because of ethanol? what is your argument? why would they want to kill e-15? >> well, look, there's no evidence to suggest that there are any problems associated with e-15. e-15 has been the most tested fuel in the history of the environmental protection agency. in fact, there were 86 cars tested over three years. the miles driven by those cars are the equivalent of six round trips to the moon. you could not have tested e-15 any more. and the only problems that were found is a couple of deer were killed on the test track. >> okay. let me ask you this, according to aaa -- bob, i want you to tell you whether you believe this to be true or not. according to aa, bmw, chrysler, toyota, nissan do not cover damage under warranty. hyundai, kia, volvo have said e-15 might void their warranties. do you dispute that? >> ford and general motors have warrantied e-15 for 2013 vehicles and on, which is the first year they were able to provide warranty coverage because prior to that the epa did not allow e-15 be sold. prior
CNBC
Dec 6, 2012 9:00am EST
bob moffett t chairman of both companies, mmr, owns a stake in pxp, board seats. it's related. >> and yet, ackerson, did we get hold of him? he's always been very pro shareholder. this is the most anti-shareholder. unless you're a very large shareholder. >> isn't he cynical? >> these guys are different, moffett and our man in chesapeake. >> thank you. they approach the world a little different. >> is it different from you? you're fitzgerald. >> i don't want to say cavalier, but they like to take risks, that's how they built their fortune in the first police, they all take risks. >> i thought if you bought freeport, you were trying to play the grassberg, big copper, the china thing, i didn't know i was getting involved in a high stakes poker match. >> yes. which is why you're selling. >> let's get to bob pisani who's on the floor watch what's moving. >> moffett wants the cash flow from freeport who helped finance the drilling for mcmoran drilling. why did they have to spend 70% premium to buy these things? if i wanted to buy them, i could have bought them a lot cheaper, i wante
CNBC
Dec 20, 2012 9:00am EST
. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> you know it is going to be interesting when snoop city on the floor. time for the mad dash. talk con-agra, stock close to 13-year highs lately. >> jerry rod kin an amazing ceo, one of the best consumer -- one of the best consumer packaged goods men i have he ever seen. moving aggressively a private leve
CNBC
Dec 13, 2012 1:00pm EST
about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happened just a few months ago. i think that's why it is very important. elsewhere, defense stocks. here is a group that's very worried about frustration when mr. bernanke
CNBC
Dec 19, 2012 6:00pm EST
, the stock would be lower and i question the dividend. i don't like darden on a bounce. exit. bob in connecticut, please, bob? >> caller: yes, jim. first of all, let me say boo-yah from connecticut. and, you know, a few months ago i bought a keurig coffee machine. i was so impressed, i bought the stock, which was green mountain, i paid $57 for it. my question to you is, since it's gone down so much, started to come back up, should i hold on to it? >> i'm not -- i happen to be a fan of the keurig too, but unlike victor and the old ad, he was such a fan of realmington, he bought the company. i don't want to by green mountain. it's got the red flag, the red flag of my friend herb greenberg, and when he raises issues, i don't go there. herb tells me where battlegrounds are, and when it comes to a battleground, i'd rather eat a cold corn dog. well, check that. >>> i like to revisit stocks i talk about on "mad money," and in this case like hillshire, i think it needs more time, this is a long-term turn-around story. i suggest getting it on weakness, listen, this tastes better than the d
CNBC
Dec 13, 2012 2:00pm EST
, by the way, folks wab was back in october 2006. let's get out to bob. let's get out to rick. first, i want to ask you, bob, how much of this is due to the fed as opposed to the fiscal cliff. >> i'm not discounting the fiscal cliff but i think a lot of this is sell on the news related to the federal reserve. we have seen this news before. remember, take a look at the s&p 500. i don't think it is a coincidence we hit the highs of year september 14th. that's the day after the fed meeting when they announced quantitative ease meetings. they bought into the fed meeting then started selling immediately after. we saw thmovie before and they e doing this before. two months high on the dow jones industrial, a two-month chart of the dow jones industrial average, and you will see. there are the highs. and we are drifting lower here. i put more of this on sell on the news of the fed. spike and bond yields got a lot of e-mails talking about inflation in 2013. this has not been a successful trade but number of the etfs exist out there. spider gold trust with the classic hedge against inflation. one to f
CNBC
Dec 26, 2012 2:00pm EST
, at least obama, tomorrow morning to try to get a solution. five days to go. >> bob did some interesting analysis or asked some good questions about that mastercard survey and it indicated that maybe that's not the be-all and end-all in terms of the consumer spending numbers but it does indicate that maybe this past holiday spending season wasn't all it was cracked up to be. that will do it for "power lunch" for the day after christmas. >> thank you very much for watching. "street signs" on cnbc begins right now. >>> maybe we should call today's show "sleet signs." the weather wreaking havoc around america again. retail stocks melting down as the consumer finally caved in. a storm of another kind, the fiscal cliff, just days away but there's yet another threat out there which might even have a bigger impact on the economy. we'll tell you what it is. that story ahead. >>> plus, herbalife decides the best defense is a good offense and why amazon and netflix are suddenly feuding like the hatfields and mccoys. >> hello, everybody. on the fourth last trading day of this year, it is worth look
CNBC
Dec 11, 2012 2:00pm EST
on in the markets albeit on fairly light volume. find out what's going on with bob pisani. no fiscal cliff, markets don't care, vix doesn't care. >> up 5 1/2%. there's a lot of people, mandy, that think when we get the deal, that's what you take profits. fiscal cliff, that means awe sisterity. speaker of the house, john boehner said we're still negotiating. he specifically said where is the president on spending cuts, basically threw it back in their court. came off the highs. terms of sectors moving, nice move up in a bunch of groups. semiconductors back, texas instruments had comments, drug index doing well. merck and most of those other big names. sanofi up. delta acquiring a 49% stake in virgin atlantic from singapore, consolidation going on. booking trends have been strong or airlines as well. defense look at this, dfx, historic high. what sequestration worries out there. bottom line, everything on the upside. one sector i want to point out, dollar stores. dollar general came out with an outlook a little below estimates, look, down 7%. all the other ones a downside. they cited tough comps comi
CNBC
Dec 19, 2012 9:00am EST
, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be
CNBC
Dec 18, 2012 11:00pm EST
? who would have thought? i did. we did, bob. we did. got it. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. thtry running four.ningemember a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> how can you tell the difference between a rally that's played out and one that is just getting started? take goldman sachs. the stock jumped $4.28 and it is a point off its 52 week high. are we looking to start a major start off or is this a balance that will last for a couple more months? tonight we are trying to answer that question. i'm not a chartist. i pick stocks based on the underlying company. what does bob lang have to say about the action? he thinks the technical picture is downright beautiful. he thin
CNBC
Dec 13, 2012 9:00am EST
. we are at the gi bill rates the guys came back from the war. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at 28. the book is frozen right now so that means that the -- the specialist you can the dmm here has indicated the final price is in, it looks like pbf is going to open right now at $28, one of two ipos down that are priced today, solarcity pricing over on the nasdaq that is not yet open. get to more on that shortly. guys, mentioning when will the bond bubble burr president? big topic overnight that i was getting, at least. the feds actually yesterday, yields spiking up, reignited this debate. remember, this was the big call at this time last year, 2012, the year the bond bubble burst. by the way, it hasn't abated. it has continued into the fourth quarter of this year, despite other people's predictions. seen continue outflows in stock mutual funds, the call for 2012 the wrong call, reignited, you mentioned ray dal yo, dave rubenste
CNBC
Dec 3, 2012 4:00pm EST
and yahoo! have a business alliance to share and co-produce editorial content and gordon along with bob pisani. gordon will be along momentarily. michael, let me start with you. you say this market's preoccupation with the fiscal cliff is overdone. do you think we go back to the trend and that is that december is a good month on the upside for stocks? >> definitely one of the tail winds. all else being equal, probably definitely a strong point for the market. i think this market is laboring to look through the interim noise. you had decent pmi numbers, with the ism disappointing and i think the market is trying to assimilate all this. one thing i take encouragement from, things like junk bonds, small caps have not been phased, treasury yield has not collapsed. that means the economic outlook is not being downgraded with asset markets the way you might expect if they really feared the fiscal cliff was going to hit. >> we certainly don't think consumers are fearing the fiscal cliff because they keep buying and buying ahead of the holidays. >> bob, let me get your take on this. before you
CNBC
Dec 4, 2012 4:00pm EST
of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >>
CNBC
Dec 5, 2012 4:00pm EST
? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> welcome back. we're talking with maya macguiness. let me get your take on this final question. number one, two-part question. do we need to cut medicare in terms of really getting our arms around the debt of this country? number two, if we don't get our arms around the debt and lower the debt and deficits of the u.s., what are the implications for our kids? what are the implications for the economy? give it to us straight. >> there's no question that the most important challenge for us to tackle here is controlling health care costs. medicare is at the center of it when it comes to the budget. we're going to have to do as much as possible to get on top of the fact
CNBC
Dec 6, 2012 4:00pm EST
after yesterday's big selloff. i want to get to bob here with a look at the big moves before we take a break. over to you, bob. >> we hit the one-month high on the dow, maria, led by some of the tech stocks like ibm and intel. apple was the big story. we ended positive, but just barely. apple, $50 lost in the last two days. today, huge volume. 40 million shares. that's twice normal. company telling nbc, brian williams, they'll start building some mac computer lines here in the united states. big interview on that tonight. let's take a look at some of the computer hardware stocks. nice turn around. remember that disaster with dell and hewlett a few weeks ago? they've been moving up in the last several days. look at this move and this turn around. apple to the downside. all the others in the month of december to the up side. how about the airlines? new high for the airline index. jet fuel costs are low. capacity is constrained. i'm hearing booking is returning to normal after sandy, after a hit for them. those stocks up. u.s. airways up. southwest has been on fire recently. finally, th
CNBC
Dec 12, 2012 4:00pm EST
of pento portfolios, no idea where you are, and bob pisani on the floor of the new york stock exchange. what did you make, stephanie, of today's market action? you're the trader and follow the short-term swings. what was the message of the market do you think today? >> the message is the market is nothing is really going to change. interest rates will be low for an extended period of time. the fact that they tied the rates to unemployment, a little bit of a twist to the story, but it means that rates stay low. i think that the housing theme continues. i think that financials continue to work because even though you have a flat yield curve they are a beneficiary of the housing cycle, and away from all of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with the fiscal cliff and where we stood in 1999 with t
CNBC
Dec 13, 2012 5:00pm EST
. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-fr
CNBC
Dec 17, 2012 7:00pm EST
is on. this is the pursuit of perfection. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? be
CNBC
Dec 18, 2012 3:00pm EST
of jpmorgan and our own bob pisani. gentlemen, thanks for joining us. rich, what do you think about fundamentals going into 2013, corporate sector, economics? >> i'm actually quite bullish about 2013. i think we're going to start getting, as the year goes on, easier comparisons for corporate profits. the corporate sector as we know is loaded for cash. i think when we get beyond this uncertainty and corporations have more certainty, i think we're going to see an m & a wave because they have underinvestmented for the future by hoarding all the cash so i think they will have to buy growth so i think 2013 could be a very good career. >> what do you think, joe? >> i agree. everything we've been dealing with the past year has been the uncertainty. is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this so next year will be a big year. >> did you see the s&p upgraded greece today by six notches? i had
CNBC
Dec 26, 2012 5:00pm EST
?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve.
CNBC
Dec 26, 2012 7:00pm EST
be yours. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take
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